Dubai’s Fontana di Trevi development offers significant discounts

Thursday, July 21, 2011

Overseas property investors looking to purchase in Dubai may wish might want to consider the La Fontana di Trevi development, which is currently offering significant discounts.

To celebrate the launch of the project situated in Arjan, several plots are being sold at half their original price, for example, a studio is on the market at Dhs. 199,000 and a one-bedroom for Dhs. 399,000. A 2-bedroom, which had a price tag in excess of Dhs.1.2 million when the project was launched in 2008, can be purchased for only Dhs. 599,00.

Mr. Ashok J. Galgotia, the CEO of Triveni Builders and Promoters Ltd said: “La Fontana di Trevi is a significant development for the middle-income segment. Investors and other buyers have responded positively to our special offer, and are excited by the prospect of taking possession of ready apartments at such low prices.”

The company's decision to slash prices seems to be as a result of development work in the area grinding to a standstill. The Italian company's investment is one of the few in the surrounding area that has been completed, and Mr Galgatia stated that the company will be using the money generated by the quick sale of these units to issue final payments to contractors.

La Fontana di Trevi, which is named after the legendary world famous fountain in Rome comprises 122 contemporary residential apartments.